KNM Group Bhd’s net profit multiplied 6.4 times to RM14.2 million in the first quarter ended Mar 31, 2014, from RM2.2 million a year ago.
Revenue rose 0.9% year-on-year to RM493.9 million from RM489.6 million.
The oil & gas company, also involved in power generation, said its higher net profit and revenue were due to higher project progress recognition, better project contribution margin and lower operating cost.
KNM said its Europe segment’s contribution remained positive with improved order book, while its Americas segment’s contribution to the group improved. But the group’s Asia & Oceanic segment registered lower job progress recognition.
Revenue rose 0.9% year-on-year to RM493.9 million from RM489.6 million.
The oil & gas company, also involved in power generation, said its higher net profit and revenue were due to higher project progress recognition, better project contribution margin and lower operating cost.
KNM said its Europe segment’s contribution remained positive with improved order book, while its Americas segment’s contribution to the group improved. But the group’s Asia & Oceanic segment registered lower job progress recognition.
No comments:
Post a Comment